Market Report

Electro Optics Market Overview Electro Optics Market Size is forecast to reach $19.0 billion by 2026, at a CAGR of 6.8% during 2021-2026. The rising concern for safety and security and the need for advanced defense systems and equipment are the primary factors driving the growth of the electro optics market share. In addition increasing deployment of electro optics systems in unmanned vehicles is another factor driving the growth of the electro optical industry. Moreover, the electro optics system is also being used for non-destructive testing in the aerospace sector and also border protection agencies use these systems for monitoring an intrusion attempt. As terrorist activities are on a rise across various regions, there is an immense need for advanced surveillance systems and the need to prevent intrusion attempts by the terrorist organization, which is driving the market forward. Moreover, these equipment include multispectral day and night imaging sensors, laser rangefinders (LRF...